There is Financial Help for Dance Studio Owners in the USA During the COVID-19 Pandemic. Dance Studios right now are empty spaces that are still costing business owners money. You still have to pay rent, payroll, some utilities and other expenses
With studios all over the world closing or switching to in-home virtual classes. The question is how long will this go on and how long will our customers be able to pay? These are difficult times for everyone and you need to make sure you put into place plans to protect your business should things decline.
Small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and some loan advance will not have to be repaid.
We recommend that you take the time, and it does take time, to apply for an Economic Injury Disaster Loan. Go to the link below and fill out the application and to see what documentation is needed. Even if you decide you do not need the funds, you will have the paper work all set if you see trouble coming your way you can adjust quickly
To see more and start your loan application visit: https://covid19relief.sba.gov/#/
IMPORTANT UPDATE MARCH 31st 2020: You may be eligible for a Paycheck Protection Program loan under the new federal legislation designed to provide small businesses quick access to capital for payroll and other overhead costs. You can apply for this kind of loan through your bank. Please contact your local bank to see how you can apply! Should be availble online by April 3rd
More Great Resource for Studio Owners…
My Online Dance Teacher
You can register your studio for this free online service. Your studio will be recognized as a partner and you can send this website to your students so they can watch dance training videos online.
There are various styles and class content for ages 3 and up. More videos will be added each week!
To register your studio visit: https://www.myonlinedanceteacher.com/
In-Home Dance Teacher Training With Dance Teacher Web
Don't let this down time go to waste. Use it to sharpen your teaching skills and to discover new ways to increase studio revenue. With a DTW membership you get instant access to 900+ videos, 100's of lesson plans, teaching tips and business building strategies so that you can stay energized, current and creative all year long!
SPECIAL OFFER: Sign up for any 1-year membership, get 2 months for FREE
Studio Owners, sign up for a Deluxe Membership and get 4 teacher memberships that you can give to your teachers to continue training.
To activate your membership right now Click Here